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Better-than-the-wormhole 555 replies

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The WoRmHoLe

  • #161
  • Mar 10, 2009 12:23pm Mar 10, 2009 12:23pm
The 15m channel looks to be broken. We could be in for further drop. But volume is decreasing so I am not taking this trade. 4hrly shows we're still trading within the descending channel, although the pullback stopped & is looking to threaten the 3700 support level again. Would be surprised to see this level breached today tbh. Anyway, good luck.
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  • #162
  • Mar 10, 2009 12:35pm Mar 10, 2009 12:35pm
think we just marked the buy day lo in geppy, maybe a retest but lo is in for today me thinks
"Millionaires don't use astrology, billionaires do"
  • #163
  • Edited Mar 11, 2009 1:09am Mar 10, 2009 12:40pm | Edited Mar 11, 2009 1:09am
If the 1.3500 area holds than it maybe double bottom for a nice long position..

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  • #164
  • Mar 10, 2009 12:42pm Mar 10, 2009 12:42pm
Quoting OrionsWay
think we just marked the buy day lo in geppy, maybe a retest but lo is in for today me thinks
you saying that we jst about hit the floor for the day orion? then we prolly won't see a close below 135 today ..
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  • #165
  • Mar 10, 2009 12:43pm Mar 10, 2009 12:43pm
Quoting rgitt05
If the 1.3500 area holds than it maybe the bottom for a nice long position..

the 1.6 looks tempting! lol
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  • #166
  • Mar 10, 2009 12:44pm Mar 10, 2009 12:44pm
Quoting wormboy
you saying that we jst about hit the floor for the day orion? then we prolly won't see a close below 135 today ..

correct, 135 off the tables for cpl days maybe, but look at the psychology of the setup being built for a break lower, how they are allowing stops to b built for a nice push lower perhaps


anything possible though

solid buying into the lo's and next bar on 15m, i imagine those guys will want to be paid
"Millionaires don't use astrology, billionaires do"
  • #167
  • Mar 10, 2009 12:48pm Mar 10, 2009 12:48pm
okay. guess I'll have to wait till tomorrow for a close below 135 then before I can move my stops. All good though, safe in green atm. Okay. I'm outta here, zzzzz time. See you guys tomorrow. Ta!
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  • #168
  • Mar 10, 2009 12:52pm Mar 10, 2009 12:52pm
pump and dump wiped out the in close shorts
"Millionaires don't use astrology, billionaires do"
  • #169
  • Mar 10, 2009 2:13pm Mar 10, 2009 2:13pm
Closed my GBP/USD shorts.... Nice 100 pips
Dr. C
  • #170
  • Mar 10, 2009 2:18pm Mar 10, 2009 2:18pm
As of right now I am looking for longer term....

bearish GBP/JPY, Bullish GBP/USD, Bullish EUR/USD, Bullish AUD/USD
Dr. C
  • #171
  • Mar 10, 2009 2:25pm Mar 10, 2009 2:25pm
Quoting cvcamper
As of right now I am looking for longer term....

bearish GBP/JPY, Bullish GBP/USD, Bullish EUR/USD, Bullish AUD/USD
so u are also bearish on yen,
"Millionaires don't use astrology, billionaires do"
  • #172
  • Mar 10, 2009 2:29pm Mar 10, 2009 2:29pm
Good thing there's European football live on tele, else I prolly wouldn't have seen this.

Okay took a small position on my supplementary pair so to speak
0.3 size short @125.09 [email protected] [ sl will be amended once price close in on 123.3 level ]

Reason for short is the multiple bearish engulfing patterns. 3 mountain tops and the shooting star on the 4hr close. We'll see how this goes.
Chow

Come on you REDS!!
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  • #173
  • Mar 10, 2009 2:57pm Mar 10, 2009 2:57pm
I see cable rebounding to 1.3810 and then....down
  • #174
  • Mar 10, 2009 4:16pm Mar 10, 2009 4:16pm
Quoting wormboy
Good thing there's European football live on tele, else I prolly wouldn't have seen this.

Okay took a small position on my supplementary pair so to speak
0.3 size short @125.09 [email protected] [ sl will be amended once price close in on 123.3 level ]

Reason for short is the multiple bearish engulfing patterns. 3 mountain tops and the shooting star on the 4hr close. We'll see how this goes.
Chow

Come on you REDS!!

WB:

I like that trade also but up around 125.50-125.60. have been watching it also. could develop into a very nice trade. strong resistance at that level.
  • #175
  • Mar 10, 2009 4:33pm Mar 10, 2009 4:33pm
Still Holding....

GBP SHORT from March 2nd. Covering 100 pips of profit. Rest is for swing.
EUR SHORT from March 4th. Been good and been bad. No reason to abandon the marriage cause of a few disagreements here and there.
JPY LONG from March 10th. Previous LONG was stopped out at BE and then re-triggered.
CAD LONG from March 10th. Same situation as JPY. Re-entry orders typically 75-100 pips off LOD.

"ALL Dailys ALL the time. F O R X on your AM dial."

~Mudd
Capital Preservation is key to long term wealth accumulation
  • #176
  • Mar 10, 2009 4:58pm Mar 10, 2009 4:58pm
Quoting sofia101
I see cable rebounding to 1.3810 and then....down
I agree. I thought Bones made a good point earlier regarding that supposed bounce everyone was expecting & totally agree with him. 3850 level which was 23.6 fibs was severely tested but never cleared. Too bad I had my stop placed at that level and had it triggered. No harm done tho as closed in profit. Cable still looks bearish and the daily finish is still below the 3900 resistance. No chance calling for bottom yet imho. I wish you good luck sofia, you're gonna get paid handsomely
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  • #177
  • Mar 10, 2009 5:03pm Mar 10, 2009 5:03pm
Quoting koorb
WB:

I like that trade also but up around 125.50-125.60. have been watching it also. could develop into a very nice trade. strong resistance at that level.
yup, pretty strong resistance that. Was watching the development of this pair for two days & I completely forgot about it as my cable trade closed today I was paying too much attention on dragon. But lucky me, caught the formation on time I suppose. Nice risk reward for me too, but since I have a bigger trade placed on dragon, I'm only permitted the small position on this pair for now. Will be looking to add to my position once I get to lock it in +ve.
Hopefully this plays out nicely.
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  • #178
  • Mar 10, 2009 5:05pm Mar 10, 2009 5:05pm
Quoting MuddBuddha
Still Holding....

GBP SHORT from March 2nd. Covering 100 pips of profit. Rest is for swing.
EUR SHORT from March 4th. Been good and been bad. No reason to abandon the marriage cause of a few disagreements here and there.
JPY LONG from March 10th. Previous LONG was stopped out at BE and then re-triggered.
CAD LONG from March 10th. Same situation as JPY. Re-entry orders typically 75-100 pips off LOD.

"ALL Dailys ALL the time. F O R X on your AM dial."

~Mudd
Nice job MB. I especially enjoyed the color commentary on euro
Good luck mate.
See you guys London session! Gnite.
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  • #179
  • Mar 10, 2009 6:00pm Mar 10, 2009 6:00pm
I believe the price action for GU will test the Red TL on the 4hr before testing the lows...The GJ rally may continue during asian and possible london time that will push the GU back toward the 4hr TL (1.4070 area)..At the point I will probably take a short from that area..

This rally from the GJ is the reason for the PB for GU...

There is no fundamentals news during London time so this week is all TA and price action..

I have a long position and I will watch for change direction to close if the PA is not complete from my setup..



IMHO..
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  • #180
  • Mar 10, 2009 6:59pm Mar 10, 2009 6:59pm
Hi everyone ,I agree longs look more promising today as momentum has not followed through ....
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